Journey Bank sells $9.8M delinquent mortgage portfolio for $9.1M; records $0.7M pretax charge in Q1 2026

MUNCY COLUMBIA FINANCIAL Corp

Sold 82 delinquent/nonperforming/reperforming 1-4 family residential mortgage loans for ~$9.1M cash; outstanding principal balance was ~$9.8M.
Pretax charge of ~$0.7M to be recognized in quarter ending March 31, 2026.
Asset Purchase and Interim Servicing Agreement with RCF II Loan Acquisition, LP; Raymond James Mortgage Company acted as facilitator.
Interim servicing period from Jan 28, 2026 to Servicing Transfer Date (expected March 6, 2026).

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

MUNCY COLUMBIA FINANCIAL Corp entered into Asset Purchase and Interim Servicing Agreement with RCF II Loan Acquisition, LP valued at approximately $9.1 million (effective 2026-01-28).

Action: entry
Agreement: asset purchase
Counterparty: RCF II Loan Acquisition, LP
Value: approximately $9.1 million
Effective: 2026-01-28

Exact text from the filing

On January 28, 2026, Journey Bank (the “Bank”), the wholly-owned subsidiary of Muncy Columbia Financial (the “Company”), entered into an Asset Purchase and Interim Servicing Agreement (the “Agreement”) with RCF II Loan Acquisition, LP (the “Purchaser”) and Raymond James Mortgage Company, Inc. (the “Facilitator”), pursuant to which the Bank agreed to sell a portfolio of 82 individual delinquent, nonperforming or reperforming 1-4 family residential mortgage loans.

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284 material agreements filed in the last 30 days. Browse all material agreements →

MUNCY COLUMBIA FINANCIAL Corp filing history →

Source: SEC EDGAR

accession 0001174947-26-000109

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